""FLASH NEWS""

"" Listing of state general insurers may be staggered.""...""" New India Assurance launches “New India Premier Mediclaim Policy” with exclusive features and Sum Insured upto Rs. 1 crore""".... “The tentative decrease in D.A. Slabs is 9 for the months from February,2017 to April,2017 - The net number of slabs for Feb.,2017 stands at 469"".."" ALL MEMBERS OF NFGIE/GICEU: PL ENSURE PAYING LEVY ON WAGE REVISION IMMEDIATELY ON RECEIPT OF ARREARS TO THE RESPECTIVE STATE /REGIONAL UNITS TO STRENGTHEN FINANCIAL POSITION OF NFGIE AS WELL AS STATE UNITS OF GICEU""....."" WAGE ARREARS WILL BE PAID ON 05th FEB.,2016""...."" WAGE REVISION FILE WAS CLEARED BY FINANCE MINISTRY ON THURSDAY 14TH JAN.,2016 ONLY. EXPECTING NOTIFICATION AT ANY TIME. HOWEVER, ON TUESDAY 19TH JAN.2016 GIPSA GOVERNING BODY MEETING HELD AT 'GOA'. PAYMENT DATE MAY BE DECIDED BY GIPSA AUTHORITY.""..."" NEXT ROUND OF DISCUSSIONS WITH GIPSA ON 04TH, 5TH & 6TH nOV., 2015 AT HOTEL GOLCONDA,HYDERABAD- NFGIE SLOT FOR DISCUSSIONS ON WAGE REVISION WITH GIPSA AT 2 PM ON 04.11.2015""...""Received a call from Mr A K Singhal, Advisor, GIPSA to our National Federation General Secretary, Mr P S Bajpai regarding the next round of Wage Talks on 29th October 2015 (Thursday) at Mumbai. Detailed Circular follows.""..."" We have been informed by Mr. Vasant Khande,Mumbai that Mr. Ashish Shelar,MLA and BJP President of Mumbai is going to attend our NFGIE conference on 1st October,2015 in Chennai""...""Wage revision and Pension Option – Programme of Agitation::: 1. Lunch Hour demonstrations in all centres on 15th and 23rd September.2. Signature campaign (memorandum addressed to Finance Minister) to complete by 23rdSeptember.;3. No late sitting in offices and no work on Saturdays, Sundays and Holidays w.e.f. 23rd September, 2015;4. Joint Employees meetings in all offices to campaign;5. Perspective of strike actions in October ""......"23RD JULY IS NEW INDIA'S FOUNDATION DAY(23RD JULY, 1919). ON THIS HAPPY OCCASSION, LET ALL NEW INDIANS TO RE-DEDICATE THEMSELVES ONCE AGAIN TO BRING BACK IT'S GLORY AND TO RETAIN NO.1 POSITION WITH PROFITS




""NEW INDIA ASSURANCE BEATS COMPETITION, GETS $9.5 BILLION AIR INDIA DEAL. One of India’s biggest public sector general insurer, New India Assurance (NIA) led consortium of public sector insurance companies has been awarded the contract to insure Air India’s huge fleet of 126 aircrafts worth 9.5 billion dollars. The consortium outbid the tender submitted by private general insurance companies, for this contract floated by Air India. NIA will insure Air India for 9.5 billion insurance cover for a premium of $22.5 million, which would be a one of the biggest aircraft insurance deals in the whole of Southeast Asia. PSU insurers continue to insure Air India for 4th year in a row"".....""Thank u all for staging a successful DHARNA today (06.7.2015) all over India as part of JFTU programme. At Mumbai we met Chairman GIPSA who informed that ministry is insisting on wage settlement on bank line only. Still they are pursuing with the ministry for getting sanction for a better package for PSGI Companies citing various factors. Due to this GIPSA is delaying resumption of wage negotiation. More stringent TU action is needed by JFTU against Ministry of Finance stand. JFTU will decide its further programme....Than 'Q'...Sujit Bagchi,General Secretary, "NFGIE""...""


TOTAL WEB VIEWERS

Tuesday, September 22, 2015

21st September, 2015.

General Manager (HRM)
The New India Assurance Co. Ltd.,
87, Mahatma Gandhi Road,
Mumbai – 400001.

 Dear Sir,

I hope you are aware a list of pending request transfer applications of Class I officers (Inter- region) have been submitted on behalf of NFGIE . We are regularly pursuing with Corp: HRM Dept.  for issuance of necessary order from  concerned authority.

We have come to know that as per Corp; HRM guideline only those who have completed 3 years are going to be considered and those whose duration in present place of posting is less than three years can only be transferred only on medical ground.

But we are surprised to receive information that even all applicants those who have completed stipulated period of posting will not be transferred in the coming transfer exercise. You are aware that a large nos. of A.Os have been recruited in the last few years and have been placed in various part s of the country. All these new recruits whose request transfer are pending are in the expectation of receiving necessary transfer orders.

I like to point out  that  at the  time of last year recruitment of Scale 1 officers  replacement should provided in those  offices from  where new recruits  in scale 1 officers  have applied for transfer/   likely to seek transfer.

I like to highlight the plight of those new recruits Scale 1 officers who are far away from residence and are anxiously waiting for their request transfer for materialization. I request you to issue transfer orders and if require arrange the replacement from current Promotion exercise from Sr. Asstt. cadre to  A.O cadre.

I request you to consider all pending request application s and boost the morale of the applicants.

With regards,
Sd/- xx xx xx,
SUJIT BAGCHI
GENERAL SECRETARY
NFGIE

Sunday, September 13, 2015

JOINT FORUM OF UNIONS and ASSOCIATIONS of PSGI Companies 

 Date: 10.09.2015

To All Officers and Employees of PSGI Companies,

Dear Comrades/Friends,

Re: Wage Revision and Pension Option – Programme of Agitation 

The joint meeting of all Unions/Associations of Public Sector General Insurance companies was held at Chennai on 8th September, 2015. Almost all the Unions/Associations were represented in the meeting – AIIEA, GIEAIA, NFGIE, BVKS, Confed/UIIOA, NIAOA, OICOA & NICOA, GIOAIA, AIGIFWA, AIGI SC/ST Emp. Welfare Assn. and AIGI SC/ST Emp. Parishad (Jayamurthy). The meeting congratulated all the officers and employees for their magnificent response in implementing the programme of action successfully during the months July and August, 2015. However, the meeting expressed its disappointment over the continued delay and management’s inability to call the unions for negotiations in settling the wage revision and pension option. 1st September 2015 marks the completion of 37 months since the wage revision fell due in August, 2012. In this background the officers and employees have no other option but to embark on an agitation path. Therefore, the meeting of unions decided the following programme of action and forces the management and the government to start the process of negotiations on the basis of a meaningful offer without further delay.
 1. Lunch Hour demonstrations in all centers on 15th and 23rd September.
 2. Signature campaign (memorandum addressed to Finance Minister) to complete by 23rd September.
 3. No late sitting in offices and no work on Saturdays, Sundays and Holidays w.e.f. 23rd September, 2015.
4. Joint Employees meetings in all offices to campaign.
5. Perspective of strike actions in October.

The meeting also decided that if GIPSA do not start the process to settle the wage issue and another option to the employees to join the 1995 pension scheme the unions will meet in the 1st week of October to chalk out further programmes of action with a perspective of one day strike. : 2 : We call upon the employees and officers to implement the programme into-to and make it a grand success.

 With greetings, 
 Yours Comradely,

 P.K. Dharamthok, General Secretary,GIEAIA; Sujit Bagchi,General Secretary,NFGIE; K.V.V.S.N.Raju, Secretary,Standing Committee(GI) AIIEA;  Rajib Banerjee,  General Secretary, NICOA; S. Balan, General Secretary, NIAOA; Girish Khurana, General Secretary, OICOA;  V Mohan Kumar,General Secretary, UIIOA; M VIJAYAKUMAR, sd/- Secretary General (CWC) General Secretary, GIOAIA ; Sd/- General Secretary AIGIFWA;  Sd/-  General Secretary, GIDOF; 
G.Jayamurthy General Secretary   AIGI SC/ST Emp.Parishad (Jayamurthy);  Dilip Pawar, Chairman, AIGI SC/ST Emp. Welfare Association 


Dear Members,

Pl find attachment draft memorandum to Finance Minister. Pl make additions/deletions if any.

Yours sincerely,
Sujit Bagchi
General Secretary,
NFGIE
.......................................................................................................................................
           Place  :
           Date   :
 Shri Arun Jaitley,
Minister for Finance,
Government of India,
New Delhi.

Dear Sir,

Wage Revision in Public Sector General Insurance Companies

We, the employees and officers of National/New India/Oriental/United India working at …………………………………………………………….. (Office) express our anguish and disappointment over the inordinate delay in settling the demand for wage revision.  The wage revision in Public Sector General Insurance Cos fell due on 1.8.2012 and despite the passage of over three years this demand is still pending resolution.  The progress Public Sector General Insurance Companies have been registering year after year is in your knowledge and we are happy that you are very appreciative of the work being done by these great institutions.  Therefore, we do not want to burden you with all the details of the working of PSGI Companies to justify our demand for a good wage revision.  Still we would like to place some important aspect of the functioning of PSGI Companies that are relevant to the issue of wage revision.

The last wage revision in PSGI Cos took place on 1.8.2007.  The period between 1.8.2007 and 31.7.2012 witnessed impressive performance by PSGI Cos in every aspect of their functioning despite a very difficult economic environ. The Gross Direct Premium Income (GDPI) increased from Rs.16,832 crore to Rs.42,591 crore. The market share of PSGI Cos has increased from 54.76% in FY 2014-15 to 56.58% as at August for current FY 2015-16.    The PSGI Cos share of dividend to the Government rose from Rs.599 crore for FY 2013-14 to Rs.665 Crore for the FY 2014-15.  The financial strength of 4 PSGI Co in the form of Reserves and Surplus was increased to Rs.22662 crore in the Financial Year 2014-15 when compared to Rs.18131 crore for the FY 2012-13. The GIC Re has paid the Dividend of Rs.540 crore for FY 2014-15 as against Rs.449 crore in FY 2013-14. The financial strength of GIC Re in the form of Reserves and Surplus was increased to Rs.13364 crore in the Financial Year 2014-15 when compared to Rs.9232 crore for the FY 2012-13. The productivity of the employees registered a massive increase.  The per capita premium generation rose from Rs.46 lakh for the year 2011-12 to Rs.58.6 lakh for the year 2013-14. The number of Policies issued by an employee at an average of 663 during 2008 stands increased to 1163 in the year 2014.  It is in the background of this impressive performance to which the employees have made immense contribution, we have been demanding a satisfactory wage revision.

The employees and officers have also been asking for a final option to join the pension scheme.  The Employees’ Pension Scheme was introduced in 1995 replacing the management’s contribution towards PF. The employees recruited between 1995 and 31.3.2010 were compulsorily covered by Pension Scheme.  The PSGI Cos introduced a new scheme of Pension to those who joined the services after 1.4.2010. Only around 12 percent of A small portion of employees who were in service in 1995 and did not opt for the Pension Scheme are seeking an option to join the Pension Scheme 1995.  The number is small and the Pension is fully funded in PSGI Cos.  Therefore, we do not feel any difficulty in agreeing to this request from those employees for an option to join the Pension Scheme as a final opportunity.

We are happy to note that on a number of occasions, you have said that if an industry does well, the employees should get benefitted.  We appreciate this reasoning.  The PSGI Cos have done well and therefore our demand for a good wage revision is totally justified.  We request you to instruct the GIPSA management to convene discussions with the unions and settle the wage revision at the earliest.

We look forward for a positive response from you for which we shall be very thankful to you.

                                                            Yours faithfully,



S.NO.
NAME  & DESIGNATION
SIGNATURE
































Friday, August 21, 2015

Problems of female employees who are given posting to different stations on promotions or transfer on TMP.


The Chairman-cum-Managing Director,                    Date: 20TH August,2015
The New India Assurance Co. Ltd.,
87, Mahatma Gandhi Road, Fort,
Mumbai – 400001.

Dear Sir,

I am constrained to bring under your kind  attention  the problems of female  employees who are given   posting to different  stations   on promotions or transfer on TMP.

In this connection , I like to appraise you that since last one year we are  constantly pursuing with GIPSA management  as well as you  as CMD of New India   for implementation of the  Circular dt 23rd. Sept.2014  issued  by Dept. of Financial Services , Insurance –I Section , Ministry of Finance , Govt. of India. ( Ref. No. S- 11012/04/ 2014/Ins.I)

As our information goes ,  you are aware of the said circular and  that you are in the process of seeking  clarification   from  the Ministry  for  implementation of the same. We are utterly  dismayed that  even after the lapse of 11 months  you are  yet  to receive desired  clarification . It seems your officials  entrusted with are less  serious  about   implementation of the said circular and averse to  making any sincere effort  towards effecting the scheme.

Needless to mention   that the hardship  and sufferings that  vast number of female employees/ officers   are confronted with because of adverse postings could have been mitigated  had the aforesaid Circular was  made effective  by this time .

Now  when, posting on promotion and transfer on TMP in New India  is on the anvil  in all cadres, I once again request you  to start with clearing the pending cases  at least up-to the cadre of Scale II officers (Asstt. Manager). The said Circular also be made effective forth- with  in  regard to current Promotional Posting / Posting on TMP  of female employees/ officers and not cause further loss of  time for getting the long  awaited clarification and thus provide relief to those employees/officers who have been transferred after 23.9.2014.

I earnestly request you to take the issue seriously on priority basis and do the  needful in line with the spirit and contents of the circular referred to.

Awaiting your positive response at the earliest.

 Thanking you,

Yours faithfully,
Sd/- xx xx xx,
SUJIT BAGCHI
GENERAL SECRETARY

Waive the provision of holding examination under Para 15 for promotion to Asst. cadre


20th August, 2015

CHAIRMAN                                                                                                  
GIPSA
C/o. The New India Assurance Co Ltd.,
87, M G Road,
Mumbai.

Dear sir,

I like to  inform you that  on behalf of NFGIE  the demand  was placed to waive the provision of holding examination under Para 15 for promotion  to Asst. cadre vide  letter dt 7.8.15 to you.  Subsequently, in reply to a mail dt.11.8.2015 from Mr. Harish Adhlakha, Manager, GIPSA  the demand  was reiterated. 

But till now we have not been intimated any further development in this respect. . Hence, again your attention to the issue is being drawn.   It is unfortunate that  t he  decision of GIPSA   to hold  examination    on -line  mode  in this year unilaterally  without  discussing the issue   with check -off qualified unions is a serious departure from the existing  practice. Please recall that  in the meeting  with GIPSA held on 1.1.2015 at New Delhi  all the unions opposed to GIPSA ’s proposal of conducting  examination on-line  mode  and it was suggested that the issue would be taken up at the time of  discussion  on revision of Promotion Policy .

But till now discussion on revision of promotion policy has not taken place and suddenly this year GIPSA has arbitrarily taken the decision to conduct the examination through on-line mode.  The holding of examination for promotion to Asstt. Grade from Sub-staff and Record clerk cadre through on- line mode  has caused serious resentment amongst the candidates. It is obvious  that considering the age factor of most of the  subordinate staffs and Record Clerks  it will be a really injustice to ask  them  to appear examination on-line mode .

Under this circumstances, we demand that the system of holding the examination under Para 15 be do away with and necessary instructions to this effect be issued  .

 Thanking you,

Yours faithfully,
  Sd/-xx xx xx
SUJIT BAGCHI

GENERAL SECRETARY

Thursday, July 30, 2015

NOTICE FOR 18TH BGC MEETING OF "NFGIE"

30.07.2015
N O T I C E

Notice is hereby served to all Regional/State Secretaries/General Council Members that 18th Biennial General Council Meeting  of N F G I E will be held on 30thSept & 1st October, 2015 at Chennai. The details of which are as under:-

Date:- 30th Sept & 1st Oct.2015.

The BGC will start after taking lunch on 30th September, 2015

Venue:-Beach Park Resorts, 10 KM away from Chennai City

Arrival of Delegates:- 30th Sept. by 10:00 AM

Departure of Delegates:-2nd Oct. Morning after taking Breakfast.

Delegate Fee:- Rs.2300/- per head for 2(Two) days.


All Regional/State Secretaries are requested to inform the following to Mr. Md. Saleem, the General Secretary, GICEU (Southern Zone) by 14th August, 2015 positively with a copy to the undersigned.

1.No. of Delegates attending the Conference from your State……………………………………

2. Food habits –South Indian/North Indian and Veg/Non Veg…………………………………….

3. Arrival Time…………..Date……………..By Train No/Other Mode……………………………

4. Departure Time………..Date……………By Train No/Other Mode……………………………

Mobile No. of Mr. Md.Saleem, the General Secretary, GICEU (Southern Zone) :- 09444926275
Email of Md. Saleem : mohammedsaleem1912@gmail.com  Or giceuchennai@gmail.com

Yours Sincerely,
Sd/- xx xx xx xx,
SUJITH BAGCHI
GENERAL SECRETARY
NFGIE

DEVELOPMENT OFFICER (Mktg.) TO ADMN. OFFICER (DEVELOPMENT) - Promotion Policy

Dear All Class-II Marketing Friends,,

In regard to the above, we have received a communication from our Class-II Secretary -NFGIE, Mr. G. Uday Kumar, Banaglore,  that  premium procured and number of lives concept  of "Rural & Social Sector  hither to was mandatory, in the promotion policy.   
Now this stands deleted from this current promotional exercise for Class- 2 Development Officers (Marketing) to Scale-I  Admn. Officer (Development).  However, an extra marks  will be given for those, who procuring this type of business. Maximum 8 (eight) marks to various amounts in A,  B, C cities.  Total marks for performance appraisal stands @ 40. The detailed circular will be followed, in this regard.

This is for information to all Class-II (Marketing) friends.
>>>>EDITOR 

Wednesday, July 29, 2015

K SANATH KUMAR OF NEW INDIA ASSURANCE APPOINTED AS DIRECTOR & GM IN GIC REINSURANCE

Mr. K. Sanath Kumar who was serving as Director & General Manager in New India Assurance (NIA), has been appointed as Director and General Manager of General Insurance Corporation of India (GIC Re). This post was lying vacant at India’s sole reinsurer GIC Re for over a month. 

K. Sanath Kumar carries 33 years of experience in Indian Non-Life Insurance Industry. Currently, he is a General Manager in-charge of IT, Business Reengineering, Liability, and Miscellaneous Insurance & Bancassurance in NIA. He is also a Director on the Board of Directors of New India Assurance, Prestige Assurance PLC, and OTC Exchange of India &United India Insurance Company Limited.

The top position at GIC Re was held by Mr. Yugandhara Rao who shifted to head a subsidiary of GIC Re in South Africa. Mr. Kumar is expected to take charge of the new position from 1st August 2015. 
 
GIC of India (GIC Re) was formed to control and operate the business of general insurance in India. It is the sole reinsurance company in the Indian insurance market with over four decades of experience. GIC’s four largest fully owned subsidiary companies are - National Insurance Company Limited, New India Assurance, Oriental Insurance and United India Insurance.


Courtesy>>>MIC

IRDA to axe commissions to distributors, aims at cutting expenses of insurers to raise returns for policyholders


The insurance regulator is looking to crack down on commissions that take a big bite out of initial premiums, mostly without the customer's knowledge. Such commissions can at times be as much as 25-30% of the first payments on policies. Under the proposed new rules, the Insurance Regulatory & Development Authority (Irda) has sought to restrict the expenses that an insurance company can charge on premiums, correcting a decadesold practice of big commissions paid to distributors that have bee .. 


These mostly go under the radar and are only discovered, for instance, at the time of early surrender of a policy, experts said. The regulator has also proposed the scrapping of upfront commissions that some insurance companies pay distributors such as banks, which could put a question mark on such tieups. 

ET has reviewed a note by the regulator announcing the new rules that are yet to be notified. The move by the regulator will help reduce mis-selling of policies. "This will bring in transparency and discourage forced selling of insurance products," said SB Mathur, former chairman of the state-owned Life Insurance Corp. of India ( LIC). IRDA  has proposed a policy for the allocation of expenses for various segments. It said that no insurer should spend more than an aggregate 10% of all first year premiums and 4% of all renewal premiums on policies granting deferred annuities for more than one premium; 5% of premiums received during the year on single-premium annuity products and 1/20th of 1% of the average of the total sums assured by policies excluding single-premium policies. 

The proposed rule changes may lead to some immediate pain but will have a beneficial effect in the long term, said an executive. "In the short term, it will put pressure on insurance companies to cut costs by innovation, digitisation, reducing customer acquisition costs and reducing turnaround time," said a compliance officer at a large life insurance company."If the overall expense of companies comes down, it will benefit both policyholders and shareholders." The insurance regulator has sought to ban advance payments to intermediaries or distributors as part of the new expense management norms. 

"No upfront payments whether direct or indirect is allowed in respect of current and future business volumes to insurance intermediaries," Irda said. "No payment to insurance intermediaries can be made in advance before the risk start date of any policy-whether retail or corporate." Such upfront commissions are generally part of corporate agency partnerships, where insurance companies get into a long-term tieup with banks. Insurers find selling products through bank branches attractive as it's a low-cost model and provides access to an existing customer base. 

According to media reports, AIA paid Citibank $800 million as part of an Asia deal to distribute products of the Hong Kong-based insurer in 11 markets including India in 2013. Prudential is said to have paid $1.2 billion in fees in installments over three years to Standard Chartered Bank for a 15-year tieup. In India,Citibank sells products of Tata AIA Life Insurance while Standard Chartered sells ICICI Prudential Life Insurance products. 

Similarly, Max Life Insurance gave Axis Bank BSE 1.11 % a 4% stake for a 10-year strategic distribution partnership. Also, MetLife is understood to have signed up Punjab National Bank with a hefty upfront commission. Insurers and banks were not immediately reachable for comment. 
Courtesy..ET

IRDA favours hike in third-party insurance assessment limit

Hundreds of insurance surveyors are staring at the spectre of losing their livelihood following a proposal by the regulator to increase the threshold for assessment of losses in claims. If accepted, insurance companies will be able to settle claims of up to Rs 50,000 for cars and Rs 1 lakh for property without engaging surveyors. 

At a meeting in Hyderabad with the chief executive officers of insurance companies, Insurance Regulatory & Development Authority of India (IRDAI) was aid to have suggested raising the level of claims that would require surveyors to assess losses. 

"The proposal is to increase the limit for surveyors to Rs 50,000 in case of motor and to Rs 1 lakh for fire and property," said a CEO who attended the meeting. The average claim in motor insurance cases is Rs 30,000 for personal vehicles and Rs 50,000 for commercial vehicles. There are about 11,000 licensed surveyors in India. In the case of motor insurance, surveyors charge Rs 75010,000 plus expenses. Fees for the survey in a fire insurance claim start at Rs 1,500. For fire claims exceeding Rs 5 crore, surveyors charge Rs 1.29 lakh plus expenses. 

"Almost half of the surveyors will go out of business if the limits are raised as is being suggested," said S Anoop Kumar, an independent surveyor based in Hyderabad. "Policyholders stand to lose out as companies will use their in-house surveyors who will work for them rather than for the insured." 

During the floods in Jammu & Kashmir and Uttarakhand, the regulator had increased the threshold for third-party assessment to Rs 50,000. 

...Courtesy ET

Friday, July 17, 2015

Merger of Four PSGI Companies into a single Corporation.

From: V K Tandon <vktandon@orientalinsurance.co.in>
Date: Thu, Jul 16, 2015 at 4:58 PM
Subject: HOLDING OF STATTE LEVEL CONVENTION UNDER THE BANNER OF JTFU AT MUMBAI ON 17TH JULY-2015
To: Sujit Bagchi <sujitbagchi56@gmail.com>, pradeepdharamthok@yahoo.com, Salil Balan <salil.balan@newindia.co.in>

Dear Sh. Dharamthok Ji,
 Please refer to mail of Sh. Sujit Bagchi, Gen.Secretary, NFGIE on above mentioned subject.
I am also of the firm opinion that issue of Merger of Four PSGI Companies into a single Corporation, was never discussed in the meeting of Ist July-2015. Only three issues 1. Resumption of Wage Revision Negotiations 2. One more Pension Option and 3. Revision of Promotion Policy were finalised to be taken by Joint Forum of Trade Unions/Associations in Public Sector General Insurance and Joint Action Agitational Programme was finalised only on these 3 issues.
Organising a State Level Convention under the banner of JTFU in PSGI for the issue which is controversial in nature and NFGIE is always against this, is totally unjustified.
Regards,
V.K.TANDON
ORG.SECRETARY
NFGIE

Dear  Mr. Dharamthok,

I am extremely  surprised to know  that under the banner of Joint Forum of Trade Unions/ Associations in Public Sector General Insurance,   a state level convention is being organised in Mumbai on  17th July, 2015 exclusively on the issue of Merger of Four PSGI Companies into a single Corporation.  I  like to point out that JFTU in its present  form  planned on Ist July 2015 at Delhi with 3 specific demands, namely Resumption of wage Negotiation at GIPSA level , One more option for pension and Revision of Promotion policy. The demand for single Corporation was specifically out of agenda.  I hereby express my strong resentment utilizing the name of JFTU departing from the agreed conclusion of 1st July, 2015 meeting at New Delhi.

Needless to add , that you are at liberty to held any convention on the subject but by not using the name of JFTU in  its present form. 

SUJIT BAGCHI

Friday, July 10, 2015

JOINT FORUM OF TRADE UNIONS and ASSOCITIONS of PSGI Companies -DEMANDS DAY 29th July, 2015

JOINT FORUM OF TRADE UNIONS and ASSOCITIONS of PSGI Companies

Dear Comrades,                                                                                Date: 02.07.2015

Every one of you aware after the second round of talks held at Hyderabad on 3rd March, 2015, there were no official communication or invitation from GIPSA on the impending wage revision and One more option for Pension under 1995 Scheme. In second round of talks, when we were offered 15% increase on wage bill, all the unions in one voice asked for improvement in the offer.  GIPSA assured to take up the matter further with Central Government and further informed we will be called immediately after settlement take place in Banking Industry.  In spite of settlements reached in Banking industry a month back, GIPSA has not kept up its promise.  

On our demand of Promotion Policy Amendments, GIPSA has concluded the same with some amendments after a discussion with Officers’ Association.  Still there are aberrations which need correction and further improvement.  In the case of Class III and IV employees in the meeting held on 27th November, 2013, nearly one and half years back GIPSA assured to call us shortly with draft promotion policy.  Since then two exercises are over, but GIPSA is inactive on this issue.  Likewise there is a threat of job security to Development Officers. In the name non-performers, they are being sent out of the company.

All the Unions / Associations individually and jointly expressed their concern over the issue and demanded immediate negotiation on wage revision including PLLI, One more option for Pension under 1995 Pension Scheme, Implementation of New Pension Scheme (NPS) prospectively and Amendments / Improvements to Promotion Policy.  As no positive reaction is forthcoming from GIPSA, the representatives of all Trade Unions and Associations met yesterday, the 1st July, 2015, at New Delhi to discuss and decide the course of action to make GIPSA and Government of India, to understand urgency of the situation and to call us for meaningful discussion.  After threadbare discussion Joint Forum decided to give following course of action to realize our demands:

            8th July, 2015               -           Lunch hour Demonstration at all Centers

            15th July, 2015             -           Lunch hour Demonstration at all Centers

            22nd July, 2015            -           Lunch hour Demonstration at all Centers

            29th July, 2015             -           Badge wearing
                                                            Submission of Memorandum to Office-in-charge
                                                            Lunch hour Demonstration at all Centers

            5th August 2015          -           Dharna at Head Offices and Regional Centers

We call upon the employees and officers to implement the programme in toto and make them grand success.

We are hopeful GIPSA will understand the anger and expectations of the employees and invite us for discussion immediately.  Otherwise, Joint Forum has decided to meet again and chalk out future course of action including Strike.

With greetings,


Yours Comradely,

........


JFTU of PSGI Companies

DEMANDS DAY

29th July, 2015

         We demand

·         Immediate settlement of Wage Revision
·         One more option for Pension under 1995 Scheme
·         Amendments / Improvements to Promotion Policy  


Joint Forum of Trade Unions / Associations of PSGI Companies


Shri. ________________________________,                                                                              July 29, 2015
Chairman-cum-Managing Director,
New India / National / Oriental / United India
Head Office, ___________________.

Dear Sir,

We the Employees and Officers of Public Sector General Insurance Industry, working in ______________________ Micro Office / Branch Office / Divisional Office / Regional Office / Head Office of ________________ Company, would like to submit our demands of Wage Revision is long pending, One more option for Pension under 1995 scheme has not been given with since last wage revision and Amendments / Improvements to Promotion Policy is overdue.  In spite of repeated appeals by our Trade Unions / Associations, GIPSA has not invited us for further discussion over these demands. 

Employees get agitated and frustrated over the non-care attitude of GIPSA.  Hence, we urge upon you, being One of the GIPSA Member Companies, to suitably take up with GIPSA and ask them to invite us for immediate discussion over the long pending issues to sort out amicably. 


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